Fast-moving
Boston Consulting Group partner and MD Stefan Salzer said shoppers wanted to feel they were being treated "a bit better" without necessarily paying too much more.
Small and medium-sized enterprises (SMEs) in the restaurant and retail sector should be funded despite the recession as these businesses will be engines for growth.
This is the view of Retail Capital CEO Karl Westvig, whose optimism about restaurants and retail is backed up by the most recent Statistics SA data. While discretionary spending may be on the decline in SA due to the constrained economic environment, retailers in food, beverages and tobacco in specialised stores are showing positive growth rates.
Boston Consulting Group partner and MD Stefan Salzer said shoppers wanted to feel they were being treated "a bit better" without necessarily paying too much more.
